SHFE October Zinc Peaks in 10 Years, What Keeps Zinc Outshine? SMM Reports

Published: Aug 18, 2017 20:00

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October zinc on the SHFE rose as much as 2.71% to 26,325 yuan per tonne at one point on August 18, peaking from October 2007.

SHANGHAI, Aug. 18 (SMM) – October zinc on the SHFE rose as much as 2.71% to 26,325 yuan per tonne at one point on August 18, peaking from October 2007.

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Why zinc prices continue surging?

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A large number of longs rushed into the market due to positive fundamentals. The supply side also boosted zinc, SMM said. Domestic environmental protection checks have forced zinc producers to cease production, and reduced supplies. These reasons explain the surge.

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LME Zinc prices SHFE zinc prices zinc prices zinc supply

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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